Managed Funds - Global Opportunities Fund

Overview

Established on 31 December 2002, the Hunter Hall Global Opportunities Fund (GOF), previously known as the International Ethical No. 1 Fund, is principally invested in an ethically screened global portfolio of manufacturing, service and distribution businesses. The objective of the GOF is to increase the wealth of its investors by substantially outperforming the global stockmarkets, benchmarked by the MSCI World Total Return Index, Net Dividends Reinvested (MSCI World), over the medium to long term without incurring significant risk to capital.

The GOF is an Irish registered Offshore UCITS III Fund listed on the Irish Stock Exchange and is denominated in US Dollars. The GOF currently offers two share classes, a USD Class (Class A) and a EURO Class (Class B). Both are priced and traded daily.

The GOF is not available for investment to residents of Australia.

Key Information
Inception Date
31 December 2002
Investment Objectives
To increase the wealth of its investors by substantially outperforming the global stockmarkets, as benchmarked by the MSCI World Total Return Index, Net Dividends Reinvested (MSCI World), over the medium to long term without incurring significant risk to capital
Registered For Sale
Ireland, UK, Germany, Spain, France
Territory
Global
Ethical Policy
Negative screen
Recommended Investment Time Frame
5 years +
Funds Under Management (as at 30.09.2011)
US$14.5m
Minimum Initial Investment
US$10,000 (EURO Class: €10,000)
Minimum Additional Investment
US$10,000 (EURO Class: €10,000)
Distributions Policy
Accumulative
Entry Fee
Maximum of 4%
Exit Fee
Nil
Management Fee 
1.60% of net assets per annum
Management Fee Rebate
Maximum of 0.60% per annum
Performance Fee
15% of any return above benchmark (for information regarding the method of calculation, please refer to 'Charges and Expenses' in the GOF Prospectus Supplement).
Administrator
Northern Trust Securities Services (Ireland) Limited
Custodian
Northern Trust Fiduciary Services (Ireland) Limited
ISIN Class A (US$)
IE0031948254
ISIN Class B (EURO)
IE00B3BSFM09
Class A - USD

Performance as at 31/01/2012

GOF
MSCI
World (US$)
Relative
Performance
3 months
-3.9%
2.4%
-6.3%
6 months
-11.9%
-4.0%
-7.9%
1 year
-11.3%
-3.0%
-8.3%
3 years
22.8%
16.5%
6.3%
5 years
-0.5%
-1.6%
1.1%
7 years
3.6%
3.3%
0.3%
Since inception (31.12.2002)
9.2%
7.1%
2.1%
MSCI World (US$) refers to the MSCI World Total Return Index, Net Dividend Reinvested, in US$. Past performance is no guarantee of future performance and no guarantee of future return is implied. Source: Hunter Hall.
Relative Performance Since Inception

The following chart illustrates the value of a net investment of US$10,000 in the GOF since its inception on 31 December 2002, compared to a net investment of US$10,000 in the MSCI World.
'MSCI World' refers to the MSCI World Total Return Index, Net Dividends Reinvested, in US$. All returns are on a pre-tax basis. Past performance is no guarantee of future performance. Source: Hunter Hall, Bloomberg.
Class B – EURO

Performance as at 31/01/2012

GOF
MSCI
Relative
Performance
3 months
4.1%
9.1%
-5.0%
6 months
-3.3%
5.3%
-8.6%
1 year
-7.0%
1.6%
-8.6%
Since inception (18.08.2008)
3.8%
3.5%
0.3%
Relative Performance Since Inception

The following chart illustrates the value of a net investment of €10,000 in the GOF since 18 August 2008, compared to a net investment of €10,000 in the MSCI World.
'MSCI World' refers to the MSCI World Total Return Index, Net Dividends Reinvested, in €. All returns are on a pre-tax basis. Past performance is no guarantee of future performance. Source: Hunter Hall, Bloomberg.
Top Ten Holdings at 31/01/2012
Company
Main Business
Country
% of Net Assets
at Market Value
Sirtex Medical
liver cancer treatments
Australia
6.2
Lexmark
printing and imaging solutions
USA
4.1
M2 Telecommunications
telecommunications
Australia
3.9
St Barbara
gold explorer and producer
Australia
3.7
Comcast
communication services
USA
3.5
Danieli
machinery manufacturer
USA
3.1
Interdigital
wireless technologies
UK
3.0
BTG
medical devices
USA
2.9
Computer Sciences
IT services
Korea
2.9
Woongjin Thinkbig
education services
Australia
2.6
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